The global average cost of data breach is now $4.35 million, a climb of 13% since 2020. Much of that are expenses realized more than a year after the attack, and most organizations (60%) are passing these added costs on to consumers in the form of higher prices.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
Quantitative cybersecurity budgeting helps security professionals properly translate security risks into business risks and demonstrate how cyber risks impact the organization as a whole – which are key to getting buy-in from non-technical stakeholders.
Amazon has confirmed that it was impacted by the MOVEit third party breach that took place in 2023, and that a large amount of employee data was included with a massive trove that was offered for sale on a hacking forum.
SK Telecom, South Korea’s largest mobile network operator, warns about a malware attack that leaked sensitive USIM data, exposing subscribers to potential SIM swaps and surveillance.
Microsoft disclosed that besides using the trojanized Orion software on its platform, SolarWinds hackers accessed Microsoft source code after compromising internal accounts.
October is National Cyber Security Awareness Month and the time to focus on improving cyber security awareness training and boosting overall cyber security resilience.
Having hundreds or more enterprise data sources to monitor a company’s security is overwhelming and unmanageable for SecOps, what they really need is a “small data” movement.
German automaker Volkswagen suffered a massive data leak, affecting over 800,000 electric vehicle owners, with over half of EVs leaking precise location data.
Microsoft's threat research team says that the Chinese hackers breached at least two dozen organizations in total, including government email accounts at multiple federal agencies. Campaign reportedly began in mid-May.
A trusted cybersecurity advisor is the gateway to a security-first mindset within a business -- you just need to know where to start and what to look for before engaging with such services.










